Stocks moved sharply higher during trading on Friday, extending the rebound from the sell-off seen early in the previous session. With the upward move on the day, all three of the major averages ended the session at new record closing highs.
The major averages reached new highs for the session going into the close. The Dow spiked 448.23 points or 1.3 percent to 34,870.16, the Nasdaq jumped 142.13 points or 1 percent to 14,701.92 and the S&P 500 surged up 48.73 points or 1.1 percent to 4,369.55.
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